BUCHAREST (Romania), September 15 (SeeNews) – Romania’s Finance Ministry said on Tuesday it has selected a consortium comprising international law firm Slaughter and May and Bucharest-based Bulboaca&Asociatii as the legal advisor of the country’s planned Eurobond issue.
The issue, scheduled for the end of this year or early 2010, will be worth between 500 million euro and 1.5 billion euro ($729 million-$2.2 billion), the ministry said earlier. It picked Deutsche Bank, EFG Eurobank, and HSBC Bank as the issue’s lead-managers.
The government will set the value of the planned Eurobond according to its financing needs and the market conditions at the time of the issue. Romania will use the raised funds to finance its budget deficit and re-finance public debt.
($ = 0.6854 euro)